Employees Retirement System of Texas Acquires New Shares in DTE Energy Company $DTE

Employees Retirement System of Texas bought a new stake in shares of DTE Energy Company (NYSE:DTE) during the 2nd quarter, HoldingsChannel reports. The firm bought 38,745 shares of the utilities provider’s stock, valued at approximately $5,132,000.

Several other hedge funds have also recently modified their holdings of the business. Quintet Private Bank Europe S.A. bought a new position in shares of DTE Energy during the second quarter valued at $25,000. SouthState Corp purchased a new position in DTE Energy in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new position in DTE Energy during the 1st quarter valued at about $31,000. Legacy Investment Solutions LLC bought a new position in DTE Energy during the 2nd quarter valued at about $35,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of DTE Energy during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

DTE Energy Stock Up 0.5%

DTE opened at $136.74 on Thursday. The firm’s 50 day simple moving average is $138.75 and its two-hundred day simple moving average is $136.84. The company has a market capitalization of $28.40 billion, a PE ratio of 19.67, a PEG ratio of 2.97 and a beta of 0.45. DTE Energy Company has a 1-year low of $116.30 and a 1-year high of $143.79. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.96.

DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $3.23 billion. DTE Energy had a net margin of 10.16% and a return on equity of 12.72%. During the same quarter in the previous year, the firm posted $2.22 EPS. DTE Energy has set its FY 2025 guidance at 7.090-7.230 EPS. FY 2026 guidance at 7.590-7.730 EPS. As a group, equities analysts forecast that DTE Energy Company will post 7.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of DTE Energy from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Bank of America lifted their target price on shares of DTE Energy from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Morgan Stanley set a $144.00 price target on DTE Energy in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b-)” rating on shares of DTE Energy in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company raised DTE Energy to a “strong-buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.17.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.